LONDON (ShareCast) - (Sharecast News) - Atlantic Lithium said on Monday that it has uncovered extensive lithium-in-soil anomalies and new spodumene pegmatite occurrences across its Rubino and Agboville exploration licences in Côte d'Ivoire, further underscoring the region's prospectivity.
The AIM-traded, Africa-focused lithium explorer said results from phase two and three soil sampling defined multiple large-scale lithium anomalies extending over several kilometres.

At Rubino, the anomalous zone had expanded to an area of about six kilometres by 2.5 kilometres, while at Agboville, sampling delineated a pronounced linear anomaly more than five kilometres long alongside other notable features, one of which was associated with spodumene pegmatite float.

The company said additional spodumene pegmatite occurrences had been discovered within Rubino, with assays confirming high-grade lithium content.

It said the results highlighted the potential of its 100%-owned Ivorian licences, which remain largely underexplored.

Chief executive Keith Muller said the findings reinforced the company's strategy of building a pipeline of projects alongside its flagship Ewoyaa Lithium Project in Ghana.

"The latest results from the company's ongoing exploration programmes across its 100%-owned Rubino and Agboville licences further underscore the prospectivity of its tenure in Côte d'Ivoire," he said.

"Phase two and phase three soil sampling results have delineated pronounced lithium-in-soil anomalies extending over several kilometres across the two licences, with several trends warranting further evaluation."

Muller added that the company's mapping and rock-chip sampling work had uncovered several new spodumene pegmatite zones, prompting further on-ground follow-up and auger drilling plans.

"The company believes that its licences in Côte d'Ivoire demonstrate significant value potential through lithium exploration," he said.

"To be undertaken alongside its advancement of its flagship Ewoyaa Lithium Project in Ghana, the company has, therefore, commenced a formal process to explore funding options, considering minority, project-level investment or partnerships, to accelerate its exploration of the two licences."

Atlantic Lithium said it had engaged a specialist corporate adviser to identify non-dilutive funding options to accelerate its exploration activities in Côte d'Ivoire.

At 1413 BST, shares in Atlantic Lithium were flat at 9p.

Reporting by Josh White for Sharecast.com.

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